Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Plans Monthly Dividend of $0.15

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Thursday, January 22nd. Stockholders of record on Tuesday, February 10th will be given a dividend of 0.1534 per share on Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a 3.9% increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.15.

Lazard Global Total Return and Income Fund Stock Up 0.4%

LGI opened at $18.22 on Friday. Lazard Global Total Return and Income Fund has a 12-month low of $13.35 and a 12-month high of $18.23. The firm’s fifty day moving average price is $17.50 and its 200 day moving average price is $17.38.

Institutional Trading of Lazard Global Total Return and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of LGI. Flagship Harbor Advisors LLC lifted its position in shares of Lazard Global Total Return and Income Fund by 4.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 29,322 shares of the company’s stock worth $511,000 after acquiring an additional 1,340 shares during the period. Mezzasalma Advisors LLC increased its stake in shares of Lazard Global Total Return and Income Fund by 1.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 32,365 shares of the company’s stock valued at $565,000 after buying an additional 617 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Lazard Global Total Return and Income Fund by 29.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,363 shares of the company’s stock worth $487,000 after purchasing an additional 6,154 shares during the last quarter. PMG Family Office LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at about $334,000. Finally, NewEdge Advisors LLC lifted its position in Lazard Global Total Return and Income Fund by 3.3% in the 3rd quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock valued at $349,000 after acquiring an additional 642 shares in the last quarter.

About Lazard Global Total Return and Income Fund

The Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end management investment company that seeks to provide its shareholders with an attractive level of current income and capital appreciation. Managed by Lazard Asset Management LLC, the fund pursues a global, multi-asset strategy that includes investments in common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities and convertible instruments. By blending equity and fixed-income exposures, LGI aims to generate a diversified income stream while managing volatility across market cycles.

Leveraging the research capabilities of Lazard’s global investment platform, the fund’s portfolio managers draw on in-house analysts and specialist teams located in North America, Europe and Asia.